Stock Market Today: Dow Slides On Surprise Jobs Report; Lululemon Plummets While Tesla Sinks (Live Coverage)
A surprise jobs report sent the Dow lower, with Tesla among the stocks sinking in broad live-market coverage. Tesla’s FY2025 revenue fell 2.9% YoY to $94.8B, while its 4.0% net margin leaves the shares exposed to further pressure if macro weakness persists.
The Dow fell after a jobs report that market coverage described as a surprise, with Tesla listed among the stocks declining during Friday's session. The Yahoo Finance report was published on September 4, 2026, as live coverage of the market move.
The macro shock arrives against a weaker operating backdrop for Tesla. The company reported FY2025 revenue of $94.8B, down 2.9% year over year, according to SEC EDGAR data for the year ended December 31, 2025. Its reported gross margin was 18.0%, net margin was 4.0%, and diluted EPS was $1.08.
For Tesla, the direct mechanism is earnings sensitivity rather than a newly disclosed company event. Lower revenue and a 4.0% net margin provide less operating cushion if demand, pricing, or financing conditions deteriorate, while the market's reaction to the jobs report can influence the broader valuation backdrop for growth-oriented equities.
The surprise jobs report arrived without clear disclosure of which labor-market details drove the market reaction. Tesla's decline was not quantified, and the FY2025 figures describe the company's latest available annual operating profile rather than a fresh quarterly result.
The next useful evidence would be Tesla's next reported operating update. That update would help determine whether the 2.9% revenue decline and 4.0% net margin are stabilizing or continuing to weigh on the business. Until those data points are available, the report supports a risk-sensitive read but not a dated single-name conviction trade.
The surprise jobs shock adds downside pressure to TSLA, where a 2.9% FY2025 revenue decline and 4.0% net margin leave limited evidence of operating momentum.
The setup is vulnerable because Tesla enters the macro shock with FY2025 revenue down 2.9% YoY and a 4.0% net margin, but the supplied report gives no jobs figures or quantified TSLA move. That missing information prevents a dated conviction trade; the next operating update is the key test of whether the weak annual backdrop is stabilizing.
The read weakens if the full jobs report proves supportive for growth assets or Tesla’s next operating update shows a clear improvement in revenue and margins.
CoverageSource: Yahoo Finance · Published here FRI, SEP 4 · 12:42 PM ET · 4 reports · 3 publishers in this record · latest listed: Yahoo Finance · SAT, SEP 5 · 10:54 PM ET (reaction)How this is decided →
File photo · Tesla’s Gigafactory Texas, Austin · Jun 2022 · Larry D. Moore · CC BY 4.0 · Source & license- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq edge lower after hot jobs report fuels Fed rate-hike bets
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Earlier context and later coverage are dated relative to this report. Automatically linked reports may cover a broader event.
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Price context does not establish that the story caused the move.
Tesla’s $94.8B FY2025 revenue base and $1.08 diluted EPS provide a concrete earnings foundation despite the weaker year-over-year trend.
The bear case appears stronger given recent fundamentals: FY2025 revenue fell 2.9% YoY and net margin was only 4.0%, while the surprise jobs report presents an unquantified macro headwind.
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